Key Takeaways
- • U.S. crypto ETFs recorded $308.2 million in combined net inflows on September 25, 2026, across spot Bitcoin, Ether, and Solana products, with Bitcoin funds contributing $134.5 million despite moderating demand from earlier in the week.
- • BlackRock's iShares Bitcoin Trust (IBIT) dominated inflows with $97 million, representing approximately 72% of Bitcoin ETF flows, while Fidelity's FBTC added $49.3 million, demonstrating concentrated institutional demand from major asset managers.
- • Solana ETFs more than doubled Thursday's inflows to record $86.7 million on September 25, marking the highest single-day net inflow in Farside Investors' Solana ETF dataset and signaling accelerating institutional interest in the asset class.
- • Bitcoin ETFs accumulated approximately $2.39 billion over the September 21-25 trading week, despite a 29% decline in Friday inflows from Thursday's $190.7 million, reflecting sustained but moderating institutional demand at price levels around $84,000.
- • Ether ETFs accelerated to $87 million in Friday inflows, up from Thursday's $66.1 million, with BlackRock's products (ETHA and ETHB combined) capturing $82.3 million and demonstrating the concentration of flows among the largest fund sponsors.
Summary
U.S. spot cryptocurrency ETFs closed Friday, September 25, with broad-based inflows totaling $308.2 million across Bitcoin, Ether, and Solana products, according to finalized Farside Investors data. The session continued a positive week for institutional crypto products, though inflows decelerated considerably from exceptional demand levels recorded earlier in the trading week as Bitcoin traded near $84,000, below the eight-month high of $87,000 reached on September 23.
Bitcoin ETFs led absolute inflows with $134.5 million, extending their run of positive sessions but reflecting a clear moderation pattern throughout the week. Friday's tally represented a 29% decline from Thursday's $190.7 million and marked continued deceleration from the week's peak of $999 million on Monday, followed by $714.7 million on Tuesday and $346.9 million on Wednesday. Despite this daily decline, Bitcoin ETFs accumulated $2.39 billion in net inflows over the five-day September 21-25 period, demonstrating sustained institutional demand despite price volatility. BlackRock's iShares Bitcoin Trust (IBIT) dominated Friday flows, capturing $97 million or approximately 72% of category inflows. Fidelity's FBTC contributed an additional $49.3 million. Bitwise's BITB recorded the only Bitcoin ETF redemption on the day, losing $11.8 million, while Morgan Stanley's MSBT, ARKB, BTCO, EZBC, HODL, BTCW, and Grayscale products reported zero net flows.
Ether ETF inflows accelerated on Friday to $87 million, up from Thursday's $66.1 million, indicating strengthening institutional interest in the second-largest cryptocurrency. BlackRock's products dominated Ether flows, with its flagship ETHA attracting $50.4 million and its newer ETHB product adding $31.9 million. Fidelity's FETH contributed $4.7 million to the day's Ether total.
Solana ETFs recorded a breakout session with $86.7 million in net inflows on September 25, more than doubling Thursday's $32.8 million and setting the highest single-day net inflow recorded in Farside's Solana ETF dataset. The acceleration in Solana flows reflects a notable shift in institutional capital allocation within the crypto ETF ecosystem, signaling growing recognition of the asset class among professional investors.
Bitcoin ETFs led absolute inflows with $134.5 million, extending their run of positive sessions but reflecting a clear moderation pattern throughout the week. Friday's tally represented a 29% decline from Thursday's $190.7 million and marked continued deceleration from the week's peak of $999 million on Monday, followed by $714.7 million on Tuesday and $346.9 million on Wednesday. Despite this daily decline, Bitcoin ETFs accumulated $2.39 billion in net inflows over the five-day September 21-25 period, demonstrating sustained institutional demand despite price volatility. BlackRock's iShares Bitcoin Trust (IBIT) dominated Friday flows, capturing $97 million or approximately 72% of category inflows. Fidelity's FBTC contributed an additional $49.3 million. Bitwise's BITB recorded the only Bitcoin ETF redemption on the day, losing $11.8 million, while Morgan Stanley's MSBT, ARKB, BTCO, EZBC, HODL, BTCW, and Grayscale products reported zero net flows.
Ether ETF inflows accelerated on Friday to $87 million, up from Thursday's $66.1 million, indicating strengthening institutional interest in the second-largest cryptocurrency. BlackRock's products dominated Ether flows, with its flagship ETHA attracting $50.4 million and its newer ETHB product adding $31.9 million. Fidelity's FETH contributed $4.7 million to the day's Ether total.
Solana ETFs recorded a breakout session with $86.7 million in net inflows on September 25, more than doubling Thursday's $32.8 million and setting the highest single-day net inflow recorded in Farside's Solana ETF dataset. The acceleration in Solana flows reflects a notable shift in institutional capital allocation within the crypto ETF ecosystem, signaling growing recognition of the asset class among professional investors.
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